contestada

A $21,000 of equipment is purchased on December 1. It is estimated that it will have a life of 5 years and zero salvage value. Calculate depreciation expense as of December 31 of the first year using the straight-line method.

Respuesta :

The depreciation expense as of December 31 of the first year using the straight-line method is $4,200

  • The calculation is as follows:

Depreciation expense = (Equipment value - salvage value) ÷ life

= ($21,000 - $0) ÷ 5 years

= $4,200

Learn more: https://brainly.com/question/1504221?referrer=searchResults